Inflation has hit the United States hard, with a shocking 4.2 percent rate in July, the highest in decades. This economic pressure has forced businesses, incIuding Dollar Tree, known for selling items at $1, to make significant adjustments.
Dollar Tree faced a decline in stock prices, dropping nearly seventeen percent in one trading session, as it grappled with rising shipping costs and the need to combat inflation.
Dollar Tree’s decision to sell items for more than a dollar came after investors saw a hit of $1.50 to $1.60 per share of profits, a substantiaI blow for a retailer focused on the one-dollar price point.
The company cited the economic challenges posed by inflation and the pandemic as reasons for the pricing adjustments.
CEO Michael Witynski acknowledged the shift in a prepared statement, stating, For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for vaIue at one dollar – and we remain committed to that core proposition – but many are telling us that they also want a broader product assortment when they come to shop.
Despite the drop in stock prices, Dollar Tree emphasized its commitment to providing value to customers.
Witynski stated, We will continue to be fierceIy protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50.
The announcement sparked mixed reactions among customers, with concerns about the impact of the price change on the store’s appeaI. While the stock prices have shown signs of recovery, the decision to sell items for more than a dollar raises questions about whether customers will continue to shop at Dollar Tree.
In a market where consumer goods are becoming more expensive due to increased shipping costs and inflation, retaiIers face the challenging task of balancing prices to remain competitive and meet customer expectations.
Whether Dollar Tree can navigate these economic challenges while retaining its customer base remains to be seen.
Barbara Eden, a beloved Hollywood icon, defies age and embraces life
Incredibly beautiful Barbara Eden is 92 and we can all agree that she looks like she hasn’t aged a day. The I Dream of Jeannie star is as stunning as ever and we couldn’t help but share her recent photos of her with you.
Barbara Eden was born Barbara Jean Morehead on August 23, 1931. Her first public performance was singing in the church choir which later led to her being part of different bands. She studies both singing and acting and turned to be very successful in both.
Her natural beauty brought her the title Miss San Francisco in 1951.
Her TV career started with The Johnny Carson Show in 1955 and continued with a number of series and movies. In I Dream of Jeannie, which is her most remarkable role, she played a genie set free from her bottle. The series aired for five years.
For her last birthday, an official Barbara Eden Instagram account shared a photo of her which left fans stunned by how she looks at that age.
It said, “We wish our favorite blonde, Rider of the Wild Surf, Voyager to the Bottom of the Sea, nemesis of the Harper Valley PTA and of course, the eternal Lady in the Bottle a very happy Birthday today!”
In 1988, Barbara received a star on the Hollywood Walk of Fame for her contributions to television.
In her memoir Jeannie Out of the Bottle, which was released in 2011, she speaks of her childhood, her fame in her 20’s, as well as her marriages and the tragedy of losing her son.
This year, the actress turned 92 and says she feels age is just a number. In an interview with the Hollywood Reporter, she says:“It’s like any other birthday, I’m just happy to be here.”
Barbara is still working and doesn’t plan to retire any time soon. “I was working up until the shutdown point last March,” she told the Hollywood Reporter.
She is happy she has been part of the showbiz. “I’m very happy that I lived during that time,” she told the Hollywood Reporter. “I’m happy that I had my beginnings then, but things change. What a wonderful time now, more actors are working than ever before with all of the companies like Netflix and Amazon, all of these movies and TV shows they are producing.”
“I feel young!” Barbara told Page 6, adding that she considered herself lucky. “I feel sorry for people like my poor father who had to work every day at something he didn’t like. I enjoy my work. I still work.”
Until a few years back, she kept going to the gym, participating in spin classes, and lifting weights. Nowadays, she works with a trainer at her home.
“I have a lot of friends,” the TV legend added. “I’m pretty active socially.”
Eden recently attended a red carpet event in Beverly Hills and completely astounded everyone in attendance with her youthful looks.
She wore a navy blue satin shirt and matching black leggings, a matching set of black and silver jewelry, as well as high shoes with a pointed toe.
In 2021, she explained how she managed to keep her looks.
“I’m very careful about [my] diet,” she mentioned..
“I’m a carnivore… I like steak. We eat a lot of pork, chicken, steak [and] vegetables.”
We all have to agree that Barbara looks awesome.
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